If you have been searching for a house in the last couple of years, you will be familiar with what the real estate industry calls a “lack of inventory”. This means that there are more people looking to buy houses than there are people interested in selling homes and there is more competition on each home. … Read more »
Tag: pre approval
The Mortgage Process: What Happens After Pre-Approval
Congratulations! You passed the pre-approval stage for getting a home, but what happens next? Once you have a pre-approval letter from your lender, you can start looking for a home to purchase. Keep in mind that the letter is only good for 60 to 90 days, depending on the type of approval you received. Why… Read more »
How to get pre-approved for a mortgage
If you are new to the home-buying process, you are probably aware that one of the best first courses of action is to get pre-approved before you start house hunting. So, you head to your bank or financial institution, but you have no idea what goes into the process of pre-approval. What do you need… Read more »
Pre-Approval Process to Buy a Home in Michigan
Previously we went over the process of picking the proper real-estate agent for your home hunting needs so the next step is to determine the best mortgage program. Most people do not have thousands of dollars in savings to buy a home with cash so a mortgage will be necessary. A statistic from the National… Read more »